About Power Assets Holdings
Power Assets Holdings Limited, an investment holding company, generates, transmits, and distributes electricity in Hong Kong, the United Kingdom, Australia, Mainland China, and internationally. The company has a generation capacity of 1,731 MW renewable energy/energy from waste, 3,968 MW gas fired, and 4,607 MW coal/oil fired; and operates 112,300 km of gas/oil pipeline, as well as 399,100 km of power network serving 19,083,000 customers. Segments The company operates through Investment in HK Electric Investments, Investments, and All Other Activities segments. Investment in HK Electric Investments This segment invests in generation and supply of electricity business in Hong Kong. Investments This segment invests in energy and utility-related businesses and is segregated further into four reportable segments (the United Kingdom, Australia, Mainland China and Others) on a geographical basis. All Other Activities This segment represents other activities carried out by the company. UK Power Networks (UKPN) UKPN is the company’s major electricity distribution business. It owns, operates and manages three of the U.K.'s 14 regulated distribution networks in London, the East and the South East of England. UKPN serves end-user customers through its grid, as well as private electricity networks for strategic clients. Northern Gas Networks (NGN) NGN transports natural gas across rural and urban areas in north England. It also conducts maintenance of mains and provides emergency services related to gas supply. Sea bank Power (SPL) SPL is the company’s generation business in the U.K., operating two combined-cycle gas turbine units. Wales & West Utilities (WWU) WWU is a regulated gas distribution network operator in the U.K., covering the areas of Wales and South West England. The Hongkong Electric Company HK Electric, based in Hong Kong, generates and supplies electricity to Hong Kong Island and Lamma Island. It provides electricity and is integral to Hong Kong's role as a business hub. SA Power Net.Atorks (SAPN) SAPN is the electricity distributor in the state of South Australia, serving residential and business customers. It also builds electricity networks for strategic private organizations. Victoria Power Networks (VPN) VPN includes the CitiPower and Powercor electricity distribution businesses, which distribute energy in the state of Victoria, also serving the metropolitan area of Melbourne. VPN spans commercial and industrial entities, small businesses, and major sporting facilities, such as the Melbourne Cricket Ground. Australian Gas Networks (AGN) AGN is one of Australia's major distributors of natural gas, serving customers in Victoria, South Australia, Queensland, as well as in smaller centers in New South Wales and the Northern Territory. CK William CK William owns and operates four energy companies - Dampier Bunbury Pipeline and DBP Development Group (collectively known as ‘DBP’), Energy Developments Pty Ltd, a global generation company specializing in sustainable distributed energy, Multinet Gas, one of Victoria's three gas distribution networks, and United Energy, an electricity distribution business in Victoria. Australian Energy Operations (AEO) AEO builds, owns and operates electricity transmission lines and terminal stations that connect the Mt Mercer, Ararat, Moorabool and Elaine wind farms to the national power grid. Wellington Electricity Lines (WELL) WELL owns and operates the electricity distribution network in the Wellington metropolitan area of New Zealand. Its network serves customers across the domestic, commercial, and industrial sectors, including major organizations, such as the New Zealand Parliament, Wellington Airport and the hospitals in the region. Zhuhai, Jinwan and Siping power plants Jinwan power plant located in Guangdong province has two coal-fired generating units with a combined capacity of 1,200 MW. Both Zhuhai and Siping power plants operated under co-operative joint venture and their operation rights ended in 2019. Dali and Laoting Wind Farms The Dali and Laoting wind farms have a combined capacity of 97.5 MW. Ratchaburi Power Company (RPCL) RPCL has a 25-year take-or-pay power purchase agreement with Thailand's Electricity Generating Authority. Canadian Power Holdings (Canadian Power) Canadian Power operates the gas-fired Meridian cogeneration power plant in Saskatchewan. It also has a 49.99% holding in TransAlta Cogeneration, which operates four power plants in Ontario and Alberta. Husky Midstream Limited Partnership (HMLP) HMLP operates a substantial network of oil gathering systems and pipelines, transporting crude oil from producing fields to processing facilities, as well as operating the Hardisty oil storage terminal. It serves oil companies and crude oil producers from its headquarters in Alberta. Dutch Enviro Energy Holdings B.V. Dutch Enviro Energy Holdings B.V., which owns AVR-Afvalverwerking B.V. (AVR), is an energy-from-waste producer based in Rotterdam. It serves 20-24% of all household and commercial waste incinerated in the Netherlands. Together with waste from other EU countries, AVR treats a total of 1.7 million tonnes of residual waste per year. Iberwind Iberwind is a renewable energy provider that operates 323 wind turbines across 31 wind farms in Portugal. The company engages in generating approximately 15% of electricity produced by wind power in Portugal and approximately 3% of the electricity consumed, which is equivalent to the energy consumption of approximately 550,000 households. History Power Assets Holdings Limited was incorporated in 1976.
